The Economic Revolution: World’s Top Economies

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When someone says power comes from within, what do they really mean? Do they mean power has always been inside us and it needs to be tapped in the right way to appear upon the face of the world or is it inherited? Is it something that we need to discover or is it the result of certain stimuli. But do you know what the single answer to all of these questions is?

Power is present. Power isn’t created. It has always been there. The right trigger gets our feet to it and as much opinionated these thought may be, one fact remains; we are surrounded by examples of nations that have proved that mind, labor and raw motivation can bring forth a revolution. They have discovered power in its most potent form; in shape of economy.

We are here to witness, mostly in quantitative terms, the true power of these revolutionary economies and what they actually did to have achieved what they have today. And yes, the following list is ranked.

The Supremacy of American Soil:

America, consisting of fifty states all united by a single flame of capitalism, is the biggest capitalist economy of the world. Capitalism has always been what made America what it is today; a super power with immense control over world politics and trade. Why is it that we think America is here to take it all? In reality, it actually has given so much to the world and not a high price or a cheap rate, but at the right one. You get what you pay for and that is how capitalist economies work.

On world rankings, United States takes the first position and not just with their GDP but with so many other factors. Their current nominal GDP is, well it’s quite a lot; above 17.4 trillion United States dollars to be precise (according to International Monetary Fund) and USA takes up 22.5% of the entire world’s gross product. Is that a lot? Almost enough to feed an entire nation of millions, enough to own the world trade and to finance thousands of billions in military tours in disputed areas. They also have the largest private sector amongst all economies, taking up to about 86.4% of the entire economy and that is the reality USA has created for itself.

The Chinese Communism

China has been a communist super power for thousands of years. It thrives on trade and has the biggest trade network around the globe. However, it used to be a closed economy before 1970’s after which it took the world by storm and now remains a leader in shaking the world trade numbers. With a population of above 1.1 Billion individuals, the Chinese GDP is steadily growing by 6 to 7% each year.

Their current GDP stands at 10.3 Trillion US dollars (by IMF’s records) and has a 10% contribution to world’s gross agriculture sector. As a matter of fact, in 2014, the top Global 500 companies in Fortune noted that 95 of the 500 companies are based in China, with a combined net worth of almost $6 Trillion.

The way of the Japanese:

Japan has seen through some very rough times in the later half of the twentieth century. It has built itself by stacking brick by brick from ground up and has now established itself as one of the leading super powers of the 21st century. How did Japan do it? The country was led by sheer motivation and raw emotion and it was led by the most ambitious of leaders it could ever find. It has managed to build cities upon cities after the ground-shattering destruction during WW2 and now is seen as a leading example of engineering, technology and info tech.

Like China, Japan also thrives on trade. It set its own stage for the world to bear witness the audience sure did arrive to see the show. Japan has a growing nominal GDP of $4.6 Trillion (US) with major trade partnerships between China, the US, Thailand, Hong Kong and South Korea. Japan is also a leading player in transportation development with prominent numbers earned through trade with the recently mentioned economies. The largest enterprises in Japan include Toyota, Honda, Sony, Toshiba, Nintendo and Canon.

The Rise of Germany:

Germany is the engineering and architectural hub in Europe. It is a country with a dark history but a very bright future indeed. Defined by its tall dark building and the vast plains, Germany is a united nation mostly free from the strong claws of corruption, consists of strong labor and knack for innovation.

Its massive $3.8 Trillion in GDP is mostly through service sector (that makes up to 71% of their economy) and it also is the world’s third largest exporter of goods. It also is a giant in transport production like Japan with companies like Mercedes-Benz, BMW, VW, Adidas, Porsche, Audi and DHL. It was also the home-country of the famous physicist Albert Einstein.

The British Royalty:

Our fifth and final entrant in the world of powerful economies is the home of Thames itself; The UK. Consisting of Northern Ireland, the Great Britain has a strong economic history expanding to hundreds of years.

It’s currently the fifth largest economy with a nominal GDP of $2.9 Trillion with the service sector taking up to 73% of the chunk.  It is also the starting point of the industrial revolution that triggered a few hundred years ago and has shaped the world in business and industry and we see today.

With so much more to say on the economic revolution and the great human struggle to lead mankind to a better life, studying these nations is simply not enough for one article.

Istathmir

Istathmir

Financial News Channel at Istathmir
Istathmir.com has been established by specialists in equity and derivative trading and by asset managers. With years of individual experience in various markets around the globe, they have decided to found the financial news and investment advice portal.
Istathmir

About Author

Istathmir.com has been established by specialists in equity and derivative trading and by asset managers. With years of individual experience in various markets around the globe, they have decided to found the financial news and investment advice portal.